The Central Bank of Indonesia (BI) has decided to keep its key interest rate or BI 7 Days Reverse Repo Rate in May 2021 BI Board of Governor Meeting at 3.50%. This policy is in line with the requirement for the central bank to maintain stable Rupiah and inflation rate. In addition, BI also kept the... [read more]

The Finance Minister, the Central Bank of Indonesia (BI) and the Coordinating Economic Minister announced the forecast for Indonesia’s Gross Domestic Product (GDP) to grow between 6.5% and 8.3% (yoy) in the second quarter of this year, indicating the first annual GDP growth since the Covid-19 pandem... [read more]

The Central Bureau of Statistics (BPS) recorded May inflation at 0.32%. The inflation rate was driven by an increase in demand in grocery sector during the Ramadan and Eid al Fitr. The year-to-date inflation was recorded at 0.90% while the year-on-year inflation was recorded at 1.68%. [read more]

The construction of Cinere-Jagorawi (Cijago) Toll Road Section 3 of 5.44 kilometers in length is aimed to be completed in 2022 with an operational start in 2023. Meanwhile, Section 1 and 2 of Cijago Toll Road have been inaugurated in 2021 and 2019, respectively. Currently, the land acquisition progr... [read more]

The construction of Cimanggis-Cibitung Toll Road as a part of Jakarta Outer Ring Road (JORR) 2 is entering the completion phase. Currently, the land acquisition progress has reached 86.52% while the construction has progressed by 78.80%. The land acquisition is estimated to be completed by June 2022... [read more]